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Feb 8, 2013
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it's actually worked pretty good effect thus far on things like the fiscal cliff and debt ceiling. republicans will try to draw a line somewhere. i'm not sure why yet. >> they thought they could draw it on national security with chuck hagel, and we've seen in the last 48 hours the president picked up the phone and he cauldron widen. he hasn't called too many senators too often, even in his own party. he cauldron widen because they had a real obstacle, and he knew that his cia nominee, his close friend, someone he is really eager to have confirmed john brennan, was in trouble going to that hearing. now not so much trouble. >> not so much trouble. these hearings are always as much about the -- using the moment as a lever to dislodge things that congress wants as they are about the nominee himself. i don't think there were a lot of questions about john brennan's kwaul ficks for the job. if i might say to live township the transparency that's been happy to profess. can i go back to the state of the union? i want to add a little bit of a note of caution to all this presidential huffing
it's actually worked pretty good effect thus far on things like the fiscal cliff and debt ceiling. republicans will try to draw a line somewhere. i'm not sure why yet. >> they thought they could draw it on national security with chuck hagel, and we've seen in the last 48 hours the president picked up the phone and he cauldron widen. he hasn't called too many senators too often, even in his own party. he cauldron widen because they had a real obstacle, and he knew that his cia nominee, his...
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Feb 6, 2013
02/13
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the republicans said -- >> the debt ceiling. >> -- and wall street came in and said, yes, you are. and now on immigration reform the president is appealing to the people who understand what responsible immigration reform can mean for business and the economy. he's actually not getting democrats to beat the republicans. he's getting republicans to beat the republicans. it's a great strategy. >> what do you make of it, michael, from the other side? jimmy carter was accused of having too many balls in the air when he was president. this time the president wants to throw a lot at the republicans and keep them off guard. >> it reminds me of 2009 all over again. instead of focusing on the paramount issue that every american is still facing, the jobs, the economy -- >> what's the republican job program? >> it's not about the republican job -- >> you just brought it up. what's your party's program? >> you're asking about the president, let me address the president. didn't ask about the republicans. you asked me about the president. i'm telling what you the president is doing. my analysis o
the republicans said -- >> the debt ceiling. >> -- and wall street came in and said, yes, you are. and now on immigration reform the president is appealing to the people who understand what responsible immigration reform can mean for business and the economy. he's actually not getting democrats to beat the republicans. he's getting republicans to beat the republicans. it's a great strategy. >> what do you make of it, michael, from the other side? jimmy carter was accused of...
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Feb 4, 2013
02/13
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then they decide not to fight on the debt ceiling and they need to move the attention on to something else. say they do have leverage elsewhere. so they have chosen sequester and put up a very brave face on it. it's possible they could convince themselves to let it actually happen but the idea that they get some sort of significant political gain from it, these are cuts they hated and they hated in large part because they hurt things they care about. so to permit the sequester to go forward on that kind of rationale is not a political win, not a policy win. everybody is losing. >> the "new york times" op-ed says more than a million jobs are on the line if this deal isn't made. a quote saying the losses will soon spread as contracts to states and cities are cut, education and police grants are cut, and payments to medicare providers are cut, even the aid just approved to victims of hurricane sandy will fall under the sequester's act. americans are about to find out what happens when an entire political party demands deficit reduction at all costs because those costs will be enormous. t
then they decide not to fight on the debt ceiling and they need to move the attention on to something else. say they do have leverage elsewhere. so they have chosen sequester and put up a very brave face on it. it's possible they could convince themselves to let it actually happen but the idea that they get some sort of significant political gain from it, these are cuts they hated and they hated in large part because they hurt things they care about. so to permit the sequester to go forward on...
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Feb 9, 2013
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supposedly conservative issues like the debt ceiling and fiscal cliff. he is still right in there with more of the highbound tea-party issues. whether it's rand paul or paul ryan for 2016 and i know people want to throw up when they start thinking about 2016 already, but there's a new generation of republican leaders that are jockeying for position and he is a moderate on certain issues. >> i want to put up your magazine cover, and i want to put up your international cover as well. this is -- this is the international cover here. marco rub yo and the next america. no savior mention here. >> we chose that cover line, because, yeah, the switching that is going on right now. we did not think that marco rubio was a internationally famous figure, the way that he is a nationally famous figure. and we wanted to highlight the long-term demographic trends that is taking place in the america. where it's more multi-culture society. one more finally tuned to immigration. that is something that "time" can do as a global brand. >> we will go with that explanation. >>
supposedly conservative issues like the debt ceiling and fiscal cliff. he is still right in there with more of the highbound tea-party issues. whether it's rand paul or paul ryan for 2016 and i know people want to throw up when they start thinking about 2016 already, but there's a new generation of republican leaders that are jockeying for position and he is a moderate on certain issues. >> i want to put up your magazine cover, and i want to put up your international cover as well. this...
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Feb 10, 2013
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as he did with the debt ceiling vote. as he did with the bill for hurricane sandy victims. as it came with the fiscal cliff agreement. i see that as a possibility with a gun control and immigration, because while republicans cannot be eager and willing to discuss the issues, pulling suggest that the house may have to pass something. i will meet democrats. host: -- they will need democrats. host: you say the election created a new deadline for the gop? guest: if they do not act on certain things, they may suffer bitter consequences at the polls, especially in those purple districts, areas where republicans are vulnerable. most of the congressional map has been drawn in favor of republicans and that served in congress. it has been difficult for house democrats to retake the house. history shows that in the final two years of an incumbent president's second term, it is impossible for his party to retake the majority in the house. but, they say, look, congress continues to behave as it did in the past two years, the public -- republicans will be blamed. when it comes to economi
as he did with the debt ceiling vote. as he did with the bill for hurricane sandy victims. as it came with the fiscal cliff agreement. i see that as a possibility with a gun control and immigration, because while republicans cannot be eager and willing to discuss the issues, pulling suggest that the house may have to pass something. i will meet democrats. host: -- they will need democrats. host: you say the election created a new deadline for the gop? guest: if they do not act on certain...
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Feb 12, 2013
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first of all, on the debt ceiling issue. i think the american people remember in the summer of 2011 you had lots of house republicans who were threatening not to increase the debt ceiling which means the united states would default on its obligations. it is important to understand what lifting the debt ceiling is all about. it's to provide the federal government the ability to pay for bills and obligations already owing, already owing under the law. and so if the federal government were to wake up one day and decide not to pay those bills it would be like any of us getting up one day after having gone out and bought things on a credit card and saying, you know what, we bought those things but we're not going to pay for them. and every cent of those obligations has been voted on previously by congress over the years. which is why people say so clearly, don't mess around with the public debt because -- and the u.s. debt because it would have a very negative impact on our economy and on the world economy. now, tom mentioned tha
first of all, on the debt ceiling issue. i think the american people remember in the summer of 2011 you had lots of house republicans who were threatening not to increase the debt ceiling which means the united states would default on its obligations. it is important to understand what lifting the debt ceiling is all about. it's to provide the federal government the ability to pay for bills and obligations already owing, already owing under the law. and so if the federal government were to wake...
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Feb 6, 2013
02/13
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all of this goes back to republicans agreeing to raise the debt ceiling back in 2011. once again on january 1st, remember the whole fiscal cliff. now, these cuts were pushed off for another 06 days and here we are. the terms of the earlier deal, congress must now find $85 billion in deficit reduction somewhere by march 1st. otherwise, pentagon spending will shrink by 7.9%. medicare would take a 2% reduction. the president prefers an option that raises more money by closing tax loopholes. republicans want to stick with spending cuts saying they railroad agreed to tax hikes actually study by george mason university estimated 448,000 jobs in d.c., maryland and virginia would be affected by those budget cuts. the sequestration cuts are up popular with both parties. yet, there doesn't sound like there is much agreement yet on how to avoid them. >> deep, indiscriminate cuts to things like education and training, energy and national security will cost us jobs. it will slowdown our recovery. >> but the president's budget is late again. senate democrats haven't done a budge net
all of this goes back to republicans agreeing to raise the debt ceiling back in 2011. once again on january 1st, remember the whole fiscal cliff. now, these cuts were pushed off for another 06 days and here we are. the terms of the earlier deal, congress must now find $85 billion in deficit reduction somewhere by march 1st. otherwise, pentagon spending will shrink by 7.9%. medicare would take a 2% reduction. the president prefers an option that raises more money by closing tax loopholes....
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Feb 8, 2013
02/13
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just quickly, he refused -- voted against raising the debt ceiling. he co-sponsored the old balanced budget amendment, which is a total shuck and jive. he signed the grover norquist finds. he backed florida's voter purge back to rick so -- backed rick scott in trying to get all of those people, a lot of them racial minorities off of the ballot in florida. he opposed federal action to heavy prevent violence against women act, extension of it t he believes employers should be able to deny birth control to their employees. he made some robo calls for an anti-hate group opposing same-sex marriage, marriage equality. and he doesn't believe in climate change. in fact, this week at the interview that he gave with buzzfeed's ben smith -- remember ben smith was in studio with us a couple of days talking about that interview, marco rubio said, on climate change he just thinks it's too expensive. >> number one, even if anything we would do on that would have a real impact on our economy, but probably if it's only us doing it, a very negligible impact on the envi
just quickly, he refused -- voted against raising the debt ceiling. he co-sponsored the old balanced budget amendment, which is a total shuck and jive. he signed the grover norquist finds. he backed florida's voter purge back to rick so -- backed rick scott in trying to get all of those people, a lot of them racial minorities off of the ballot in florida. he opposed federal action to heavy prevent violence against women act, extension of it t he believes employers should be able to deny birth...
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Feb 4, 2013
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if republicans had gone into this issue and said they would not raise the debt ceiling unless they got cuts, there would have lost that the raid at the end. big loss that debate. john boehner and paul rand did a great job together. you cannot govern from that office, you but you have to be very careful about high-profile last-minute negotiations. i've worked in the white house and three administrations. the president has a tremendous institutional advantage in these kinds of fights. what republicans have to do is avoid these fights, the straps that they are laying. provide an alternative through passing legislation, just to show this is how they would govern if they had the powers of the presidency and the senate. and be careful. there are some rough edges. host: some are not strategy as far as moving the debt ceiling ahead. guest: if they had gone ahead with it, it would have been politically cataclysmic. it was the worst percival -- worst possible ground to make their point. president obama 1. i think it's absolutely crucial for the future of the country that you cannot govern from t
if republicans had gone into this issue and said they would not raise the debt ceiling unless they got cuts, there would have lost that the raid at the end. big loss that debate. john boehner and paul rand did a great job together. you cannot govern from that office, you but you have to be very careful about high-profile last-minute negotiations. i've worked in the white house and three administrations. the president has a tremendous institutional advantage in these kinds of fights. what...
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Feb 9, 2013
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republicans have moved to the debt ceiling debate to may 18. you have all of these self- imposed economic wounds. we should be dealing with them all at once in a comprehensive manner. if we cannot deal with it for a 10 year period, deal with it for the remainder of the fiscal year. that is what the house democratic alternative did. we would replace the sequester with the hotel -- with deficit reduction achieved over a longer amount of time. host: ray locker is the national security editor with "usa today ." he is here to talk to us about the sequestration's affect on defense spending. what exactly is sequestration? guest: it means mandatory budget cuts. they were part of a 2011 deal that congress and the white house agreed to. they were worried about raising the national debt ceiling, which is $16.4 trillion. republicans hoped to try to force a general deduction of overall spending. it came down to this deal where it was they would do a supercommittee that would come up with a deal by the end of 2011. they did not. if they did not reach a deal
republicans have moved to the debt ceiling debate to may 18. you have all of these self- imposed economic wounds. we should be dealing with them all at once in a comprehensive manner. if we cannot deal with it for a 10 year period, deal with it for the remainder of the fiscal year. that is what the house democratic alternative did. we would replace the sequester with the hotel -- with deficit reduction achieved over a longer amount of time. host: ray locker is the national security editor with...
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Feb 5, 2013
02/13
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to put off the table the debt ceiling because they don't want to accuse of causing a debt default. they postpone it. they're going to continue the current levels so they're not going to be accused of shutting down the government. >> by the way, is that going to go on for three months or actually put it off for a year or two? >> they're going to do it every three months and every three months postpone it so that you know, the democrats on a short leash. i don't think they're going to try to default and nobody wants that. but they think that the democrats had all the leverage in fiscal cliff because of taxes. i think this time around it's the spending cuts automatic and they want to play hardball and there will be a game of chicken. we'll see which side blinks. >> what's your sense on employment? what's your projection in terms of where we are on the unemployment picture 12 months out? >> i think there will be a slow reduction of the employment rate because we're going to create something between 150,000 and 200,000 jobs essentially per month. >> that's going to be consistent? >> ups
to put off the table the debt ceiling because they don't want to accuse of causing a debt default. they postpone it. they're going to continue the current levels so they're not going to be accused of shutting down the government. >> by the way, is that going to go on for three months or actually put it off for a year or two? >> they're going to do it every three months and every three months postpone it so that you know, the democrats on a short leash. i don't think they're going to...
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Feb 12, 2013
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do it again the way he did it in the debt ceiling deal? or does he think he has to ask his party to move, too? >> bret: bill, also in the excerpts he says tonight i'll lay out the additional proposals that are fully paid for. fully consistent with the budget framework. both parties agree to just 18 months ago. he says let me repeat. nothing i'm proposing tonight should increase the deficit by a single dime. there will be a lot of people who question the math, obviously, in all of that. >> there will be. but this president is extremely confident. he wants to steamroll the republicans. that is very clear on both domestic policy and foreign policy and defense policy. he agreed on nuclear weapons. he sold his starting agreement with russia saying don't worry, this is sort of the last cuts that will be negotiated and modernize the force. article in the front page yesterday no,, more cuts to nuclear weapons coming. hagel nomination along those lines. this is a president who thinks the republican party is weak and divided and unwilling to fight.
do it again the way he did it in the debt ceiling deal? or does he think he has to ask his party to move, too? >> bret: bill, also in the excerpts he says tonight i'll lay out the additional proposals that are fully paid for. fully consistent with the budget framework. both parties agree to just 18 months ago. he says let me repeat. nothing i'm proposing tonight should increase the deficit by a single dime. there will be a lot of people who question the math, obviously, in all of that....
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ceiling debate of 2011. republicans say it is now time for the president to do something. >> this week, i'm pleased to join my leadership in putting forward the require a plan act that will say to the president two specific things. put a budget in place that balances with a continue-year period of time, but if you don't, tell us when it does. tell us when your plan balances. families and businesses across the great nation must work on a balanced budget. they can't borrow and spend as far as the eye can see. this president, it's time for him to step up, put forward a balanced budget or tell us when his budget will balance. >> for more on what we expect to hear from the president, we want to bring in my colleague and friend, john king in washington. john we know the president will try to kick the can forward here, talk about the need for revenue, as well as spending cuts but not deep cuts that everybody's concerned. what do we expect? >> a familiar haunt for both of us, the white house briefing room. using the
ceiling debate of 2011. republicans say it is now time for the president to do something. >> this week, i'm pleased to join my leadership in putting forward the require a plan act that will say to the president two specific things. put a budget in place that balances with a continue-year period of time, but if you don't, tell us when it does. tell us when your plan balances. families and businesses across the great nation must work on a balanced budget. they can't borrow and spend as far...
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02/13
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and from defaulting on its debts. provisions a house republicans to temporarily withhold lawmakers' pay in either chamber that fails to produce a budget plan. the senate has approved a bill include security at u.s. embassies overseas, following the attacks in benghazi. than $1 billion for funds no longer needed in iraq would then fund that effort. the bill now goes to the house. 5:17. the big question is, how many pancakes and you think you can put away today > >> about 5. i want that many. >> i think that's about 11. let's check in with adam caskey, ihop int the alexandria. pancakes?ad some >> we are going to dig in this morning. day and the pancake day.nal weather person's you get a free short stack at ihop and it's for good cause. it's for charity. tell us about it. toyou have the opportunity leukemia lymphomas find a cure for blood cancer. we're hoping to raise $220,000. they've been raising money over last month and today is the hurrah. >> , tabriz in the past? >> $185,000, last year. working hardbeen $220,000 th
and from defaulting on its debts. provisions a house republicans to temporarily withhold lawmakers' pay in either chamber that fails to produce a budget plan. the senate has approved a bill include security at u.s. embassies overseas, following the attacks in benghazi. than $1 billion for funds no longer needed in iraq would then fund that effort. the bill now goes to the house. 5:17. the big question is, how many pancakes and you think you can put away today > >> about 5. i want that...
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Feb 11, 2013
02/13
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they used it as a way to hold the debt ceiling to ransom. the only leverage they have is leverage to lower their poll ratings and lower the boom on the american economy. the cbo says if you do this, you won't get unemployment under 7.5% before 2015. you could actually push this economy back into another recession and republicans who use this strategy from 2009 on wrecked the economy to try to wreck obama, weren't able to sell that to the american people in 2012. they can't sell it to the american people now. and you can't rebrand yourself as a party if you're wearing the scarlet letter of deception and economic destruction. >> that's absolutely true. karen, republicans seem to think that they've got the president in a real bind over this sequester. take a listen to this. >> that's not fair. >> democrats are exactly where the republicans were six weeks ago. look, taxes were going up by law. the only question was were you going to negotiate a good package, save as many of the bush tax cuts as you could? >> karen, they're now saying republicans
they used it as a way to hold the debt ceiling to ransom. the only leverage they have is leverage to lower their poll ratings and lower the boom on the american economy. the cbo says if you do this, you won't get unemployment under 7.5% before 2015. you could actually push this economy back into another recession and republicans who use this strategy from 2009 on wrecked the economy to try to wreck obama, weren't able to sell that to the american people in 2012. they can't sell it to the...
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Feb 13, 2013
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republican line. carm karl one question i got -- caller:, one question i got he talks about rebuilding infrastructure and at the end of this month, we are going to face the debt ceiling once again, why is it we send $700 million to cairo to rebuild their sewer systems? host: what do you think about foreign policy? what's your opinion about other international news snr caller: i'm more caring about the infrastructure of this country and how our jobs are being shipped overseas. i want to know what he is going to do to bring the jobs back. host: do you think we'll hear concrete ideas in terms of jobs. economy on one hand and jobs in the other and our caller wants to hear about infrastructure. guest: the white house said there are four areas of interest and manufacturing is one but infrastructure is another. there are jobs and how to grow the economy are supposed to be there, so we'll see. they said it's a combination of old proposals he has tried to get passed in the last four years and also new proposal
republican line. carm karl one question i got -- caller:, one question i got he talks about rebuilding infrastructure and at the end of this month, we are going to face the debt ceiling once again, why is it we send $700 million to cairo to rebuild their sewer systems? host: what do you think about foreign policy? what's your opinion about other international news snr caller: i'm more caring about the infrastructure of this country and how our jobs are being shipped overseas. i want to know...
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Feb 12, 2013
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they caved on the debt ceiling issue. >> you're right. he definitely thinks he has their number and he will act like it. i do think there is a notion that i think you know every winning party, every second-term president i think, every victorious party in general overplays its hands, right? george bush did when he was reelected. republicans did when they seized control in 2010 of the house. i think, democrats know this feeling well. they always overplay their hand. they always read too much in an election. as i try to remind people. the president won an election, one of the consequences of which was raising taxes on the well to do. i think that is a fair consequence of an election he won and campaigned on that. he didn't win on the notion that he shouldn't address the ills of spending and debt that piled up to the degree they have. so a pox on both parties if they fail at this moment to seize this. but my worry about this otherwise very good news on the budget numbers is we're going to use it as an excuse not to address budget issues beca
they caved on the debt ceiling issue. >> you're right. he definitely thinks he has their number and he will act like it. i do think there is a notion that i think you know every winning party, every second-term president i think, every victorious party in general overplays its hands, right? george bush did when he was reelected. republicans did when they seized control in 2010 of the house. i think, democrats know this feeling well. they always overplay their hand. they always read too...
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Feb 11, 2013
02/13
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' fangs with respect to the debt ceiling. that's probably the big risk that the market was worried about. >> you made recent changes to your 2013 allocation strategy. some of them are interesting. high volatility u.s. large caps and micro cap stocks. it would seem you're increasing the beta place. when you say u.s. large cap volatile stocks, what do you mean by that? >> well, we believe that there's an evolution in the asset classes that investors are going to be tapping into in the next decade. you know, if you look back over the last 20 years, people spent a lot of time arguing, what was the value stock, what was a growth stock. and a lot of times it was in the eye of the beholder. volatility is a much more objective mesh yasure of what a stock is. you can do very good long term, 80 and 90-year analysis of what this asset class means. and right now, we show high volatility stocks have been beaten down very, very much in the rally, relative to low volatility, sort of bond proxy stocks. that suggests to us that they're one of
' fangs with respect to the debt ceiling. that's probably the big risk that the market was worried about. >> you made recent changes to your 2013 allocation strategy. some of them are interesting. high volatility u.s. large caps and micro cap stocks. it would seem you're increasing the beta place. when you say u.s. large cap volatile stocks, what do you mean by that? >> well, we believe that there's an evolution in the asset classes that investors are going to be tapping into in the...
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Feb 12, 2013
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ceiling once again. why is it that we send $700 million to cairo to rebuild their source systems? host: what else do you think about foreign policy? is there anything you want the president to talk about? caller: i more care about the infrastructure of this country and our jobs are being shipped overseas. i want to know what he will do to bring the jobs back. host: do you think we will hear concrete ideas in terms of jobs? the white house says there are four areas of interest -- manufacturing is one but infrastructure is another. jobs and how to build the economy are there. they say is a combination of all proposals he has tried to get passed in the four years and he does not had success. guest: i think the caller has the idea that a lot of our federal spending is being diverted to foreign aid. most people are surprised to learn that it is less than 1% of the budget. if you look at federal spending, the entitlement programs are putting a tremendous amount of pressure on the rest of government responsibil
ceiling once again. why is it that we send $700 million to cairo to rebuild their source systems? host: what else do you think about foreign policy? is there anything you want the president to talk about? caller: i more care about the infrastructure of this country and our jobs are being shipped overseas. i want to know what he will do to bring the jobs back. host: do you think we will hear concrete ideas in terms of jobs? the white house says there are four areas of interest -- manufacturing...
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Feb 6, 2013
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on the debt ceiling and they blinked again on the budget. and delaying the sequester. you are right. i think obama -- obama don't you get the sense obama feels that now? >> yeah. >> feels the power more? >> absolutely. >> or willing to use power more? >> and willing -- feels he can have, if they have an apocolyptic showdown he will win it. they feel that, too. they don't emerge from the fights stronger. if, god forbid, they go over one of these cliffs it totally cleared whoever has the stronger hand amid the crisis. it becomes about what are we restoring? it's one that favors the democrats. >> ben, great to have you in the studio. thank so much. any time you come down to washington, you are welcome here here. >> thank you for having me on. >> bill: might get you on the phone from new york. we love people in the studios. come back and see us. buzz feed.com. i will tell you what the president is up to today. busy schedule. >> this is "the bill press show" live on your radio and current tv. [ music ] (vo) current tv gets the converstion started next. >> i'm a slutty bob h
on the debt ceiling and they blinked again on the budget. and delaying the sequester. you are right. i think obama -- obama don't you get the sense obama feels that now? >> yeah. >> feels the power more? >> absolutely. >> or willing to use power more? >> and willing -- feels he can have, if they have an apocolyptic showdown he will win it. they feel that, too. they don't emerge from the fights stronger. if, god forbid, they go over one of these cliffs it totally...